High-performance blockchain platform Solana (SOL) opens to the Korean market with a meaningful partnership the new fund will address the sustainable growth of the Solana (SOL) ecosystem both in terms of marketing and technology. The focus will be on the Korean segment of the cryptocurrency scene.
According to a press release, top Korean blockchain accelerator group ROK Capital has entered into a strategic partnership with Solana (SOL) blockchain. The two will accelerate Solana's expansion into the Korean market. Local consulting firm FactBlock and community-based accelerator DeSpread are also involved in the collaboration.
Rok Capital general partner Brian Kang is excited to welcome the Solana Foundation as his team's new partner. According to him, the opening to Korean markets is promising for Solana (left) :
"Solana is one of the fastest growing networks in the industry, and in addition to injecting capital, this new fund will provide specialized services for projects that will be successfully accelerated in Korea.”
Initial investments in the new entity included early-stage decentralized financial protocols Mercurial Finance, Synthetify, Symmetry and Parrot. In addition, ROK Capital supported Serum Dex, a unique decentralized stock market on Solana (SOL), with unique speed and low commissions.
Anatoly Yakovenko, president of the Solana Foundation, announced that the cooperation welcomes new partners who are interested in the prospects of Solana (left) :
"We look forward to working with the new fund to support more entrepreneurs and teams at Solana.”
The net amount of funds provided by the newly launched fund was a net $ 20,000,000.